Can I retire at age 60 with 787,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$64,990$64,411$63,846$63,295$62,756$61,666
2 years$32,173$31,574$30,993$30,430$29,884$28,789
3 years$21,236$20,634$20,055$19,497$18,960$17,894
4 years$15,768$15,168$14,595$14,046$13,522$12,494
5 years$12,488$11,892$11,326$10,789$10,279$9,292
6 years$10,303$9,711$9,153$8,628$8,134$7,188
7 years$8,742$8,155$7,606$7,094$6,615$5,711
8 years$7,572$6,990$6,451$5,951$5,488$4,626
9 years$6,662$6,086$5,556$5,069$4,621$3,801
10 years$5,935$5,365$4,844$4,369$3,938$3,158
11 years$5,341$4,776$4,264$3,803$3,387$2,647
12 years$4,846$4,287$3,785$3,335$2,935$2,234
13 years$4,427$3,874$3,381$2,945$2,559$1,896
14 years$4,068$3,521$3,038$2,614$2,243$1,617
15 years$3,758$3,217$2,743$2,331$1,975$1,384
16 years$3,487$2,951$2,487$2,087$1,746$1,188
17 years$3,248$2,718$2,263$1,875$1,548$1,023
18 years$3,035$2,512$2,066$1,690$1,376$883
19 years$2,845$2,328$1,891$1,527$1,227$764
20 years$2,675$2,163$1,736$1,383$1,096$662
21 years$2,521$2,015$1,596$1,255$981$574
22 years$2,381$1,881$1,471$1,141$879$499
23 years$2,253$1,759$1,359$1,039$789$434
24 years$2,136$1,648$1,256$948$709$377
25 years$2,029$1,547$1,164$866$638$329
26 years$1,930$1,454$1,079$792$575$286
27 years$1,839$1,368$1,002$725$518$250
28 years$1,754$1,289$932$664$468$218
29 years$1,675$1,216$867$609$422$190
30 years$1,602$1,148$808$559$382$166
31 years$1,534$1,086$753$513$345$145
32 years$1,469$1,027$702$472$312$127
33 years$1,409$973$656$434$282$111
34 years$1,353$922$613$399$256$97
35 years$1,300$875$573$367$232$85
36 years$1,250$830$536$338$210$74
37 years$1,203$788$502$312$190$65
38 years$1,158$749$470$287$172$57
39 years$1,116$712$440$265$156$50
40 years$1,076$678$413$244$142$43
41 years$1,038$645$387$225$129$38
42 years$1,002$614$363$208$117$33
43 years$968$585$340$192$106$29
44 years$935$558$320$177$96$25
45 years$904$532$300$164$87$22
46 years$874$508$282$151$79$20
47 years$846$484$265$140$72$17
48 years$819$463$249$129$65$15
49 years$793$442$234$119$59$13
50 years$768$422$220$110$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $787,000, adding $3,261 every year, while hoping to spend $51,534 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/17/26 Blend
59$787,000$787,000$787,000$787,000
60$870,638$828,927$816,728$913,915
61$904,611$814,712$789,257$929,713
62$940,322$798,074$759,138$941,215
63$977,895$778,839$726,229$952,676
64$1,017,462$756,824$690,379$964,109
65$1,059,169$731,835$651,433$975,527
66$1,103,175$703,665$609,226$986,952
67$1,149,652$672,099$563,589$998,405
68$1,198,790$636,905$514,343$1,009,918
69$1,250,794$597,841$461,301$1,021,526
70$1,305,889$554,649$404,268$1,033,272
71$1,364,320$507,057$343,042$1,045,207
72$1,426,356$454,778$277,409$1,057,392
73$1,492,290$397,508$207,148$1,069,898
74$1,562,444$334,925$132,027$1,082,807
75$1,637,168$266,692$51,805$1,096,214
76$1,716,847$192,448$0$1,110,229
77$1,801,904$111,817$0$1,134,359
78$1,892,800$24,397$0$1,175,315
79$1,990,041$0$0$1,218,954
80$2,094,181$0$0$1,278,683
81$2,205,831$0$0$1,347,657
82$2,325,657$0$0$1,421,730
83$2,454,392$0$0$1,501,362
84$2,592,842$0$0$1,587,057
85$2,741,888$0$0$1,679,368
86$2,902,502$0$0$1,778,904
87$3,075,747$0$0$1,886,332
88$3,262,795$0$0$2,002,386
89$3,464,932$0$0$2,127,872
90$3,683,570$0$0$2,263,677
91$3,920,264$0$0$2,410,775
92$4,176,722$0$0$2,570,238
93$4,454,820$0$0$2,743,243
94$4,756,625$0$0$2,931,086
95$5,084,408$0$0$3,135,191
96$5,440,666$0$0$3,357,128
97$5,828,149$0$0$3,598,620
98$6,249,879$0$0$3,861,564
99$6,709,185$0$0$4,148,049
100$7,209,728$0$0$4,460,373